Cost-Cutting Measures

verb to reduce or diminish expenses or costs

• The company had to retrench some of its employees due to financial difficulties.
• I heard they're going to retrench a few people from the team.
• Looks like they're going to start retrenching staff to cut costs.
• Sometimes we have to retrench in our personal lives to focus on what truly matters.

noun A person who specializes in helping companies improve their financial and operational performance in order to avoid bankruptcy or insolvency.

• The company hired a turnaround consultant to help improve their financial situation.
• We brought in a turnaround consultant to try and fix things around here.
• The boss called in a turnaround consultant to turn this ship around.
• She was like a turnaround consultant, helping me navigate through my problems and find solutions.